VIP dividend approved

Vision International People Group Public Ltd announced that the Annual General Meeting, which was convened on August 8 in Moscow approved the financial statements and the dividend proposed by the Board.

The final dividend amounting to USD 0.08 per share, a total of USD 6.0 mln out of the profits of the Company for the year ended 31 December, 2004, was approved. The payment date of the dividend was approved as 15 September, 2005.

The new composition of the Board was ratified: Dmitry Buriak Chairman, Paul Jarvis and Roberto Piona as Directors, Pavel Dubrov, Michael Colocassides and John Ioannides as Non-Executive Directors.